Federal Agricultural Mortgage Co. (NYSE:AGM) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in shares of Federal Agricultural Mortgage Co. (NYSE:AGM - Free Report) by 211.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,984 shares of the credit services provider's stock after purchasing an additional 3,384 shares during the period. Intech Investment Management LLC's holdings in Federal Agricultural Mortgage were worth $982,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AGM. Thrivent Financial for Lutherans increased its holdings in shares of Federal Agricultural Mortgage by 1,589.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 356,001 shares of the credit services provider's stock worth $70,114,000 after buying an additional 334,928 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Federal Agricultural Mortgage in the 4th quarter worth about $28,914,000. Principal Financial Group Inc. raised its holdings in shares of Federal Agricultural Mortgage by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 319,701 shares of the credit services provider's stock worth $59,911,000 after purchasing an additional 29,917 shares during the period. Captrust Financial Advisors lifted its stake in shares of Federal Agricultural Mortgage by 10.0% in the 3rd quarter. Captrust Financial Advisors now owns 226,983 shares of the credit services provider's stock valued at $42,539,000 after purchasing an additional 20,603 shares in the last quarter. Finally, Barclays PLC increased its position in Federal Agricultural Mortgage by 181.7% during the 3rd quarter. Barclays PLC now owns 18,172 shares of the credit services provider's stock worth $3,405,000 after purchasing an additional 11,721 shares in the last quarter. Hedge funds and other institutional investors own 68.03% of the company's stock.

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Insider Activity

In other Federal Agricultural Mortgage news, Director Robert G. Sexton purchased 1,000 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $195.62 per share, with a total value of $195,620.00. Following the completion of the acquisition, the director now owns 13,517 shares of the company's stock, valued at approximately $2,644,195.54. This trade represents a 7.99 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mitchell A. Johnson sold 2,500 shares of Federal Agricultural Mortgage stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $205.21, for a total value of $513,025.00. Following the sale, the director now owns 8,644 shares in the company, valued at $1,773,835.24. This represents a 22.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.58% of the company's stock.

Federal Agricultural Mortgage Stock Down 0.5 %

Federal Agricultural Mortgage stock traded down $0.89 during trading on Wednesday, reaching $192.92. 26,074 shares of the company's stock were exchanged, compared to its average volume of 42,772. Federal Agricultural Mortgage Co. has a 52-week low of $169.17 and a 52-week high of $217.60. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 1.69 and a beta of 1.11. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.49 and a current ratio of 0.49. The company's 50-day moving average is $198.00 and its two-hundred day moving average is $196.15.

Federal Agricultural Mortgage (NYSE:AGM - Get Free Report) last posted its earnings results on Friday, February 21st. The credit services provider reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.17 by $0.46. The business had revenue of $101.26 million during the quarter, compared to analyst estimates of $92.81 million. Federal Agricultural Mortgage had a return on equity of 19.43% and a net margin of 12.75%. During the same quarter last year, the firm earned $4.10 earnings per share. On average, analysts predict that Federal Agricultural Mortgage Co. will post 17.6 earnings per share for the current year.

Federal Agricultural Mortgage Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $1.50 per share. This is a boost from Federal Agricultural Mortgage's previous quarterly dividend of $1.40. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, March 14th. Federal Agricultural Mortgage's payout ratio is presently 36.47%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Federal Agricultural Mortgage from $205.00 to $230.00 and gave the company a "market perform" rating in a research report on Monday, February 24th.

Federal Agricultural Mortgage Company Profile

Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company's Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.